Big Shock to Facebook..!!
Social media giant Facebook faced huge hurdles. Recently, European Union faces significant business losses in the wake of the inquiry into privacy rules. More than 50 million Fb accounts have been leaked, and Facebook shares have suffered serious losses. Also, the market cap fell by overnight. Mark Zuckerberg with the data breach news has gradually down $ 40 billion worth of Facebook value founded in 2004. Analysts say that this is the biggest decline since 2004.
The concerns of investors in the US and European law enforcement agencies have questioned Facebook chief Mark Zuckerberg on how the trump of election-related posts reached more than 5 crores FB users.
Experts say that technology counters have been damaged by the expectations that control over Facebook’s technology giants. Facebook posted a 7 percent rise in sales in technology counters. alphabet dropped 3 percent, Microsoft 2 percent, and Apple 1.5 percent. Experts said the markets were deteriorating. the US stock markets closed heavily on Monday after heavy sales in the technology giant led to Facebook.